Global stocks paused on Wednesday and currencies were mixed as investors worried over the next potential target for U.S. tariffs under President-elect Donald Trump, a day after he pledged new levies on Canada,

General Motors, Ford and Stellantis shares slid Tuesday after President-elect Trump threatened 25% tariffs on all imports from Canada and Mexico. The move by the new administration would likely stop American car demand in its tracks,

European indexes were falling on Tuesday as investors worried that Donald Trump's pledge to slap tariffs on Canada, Mexico, and China could be a sign of things to come. The flagship Stoxx 600 index dropped 0.

Stellantis NV (NYSE:STLA) stock was down 5.4% at $12.64 at last glance, and earlier hit a fresh two-year low of $11.37. The shares have basically been in freefall since their March 25 record high of $29.51, and are now down 45.7% since the start of the year.

The loonie and peso remained weak following sharp drops to multi-year lows on Tuesday, while the yuan edged back towards the previous session's four-month trough.

Europe's STOXX 600 dipped at the open on Wednesday, with automobile shares yet again feeling the heat from Trump's proposed trade tariffs, while a sharp fall in French lenders dragged down the country's benchmark index.

Europe’s worst-case scenario for the future of transatlantic economic relations rose to the surface this week when President-elect Donald Trump gave a clear signal that he’ll use American trade might as a means to exert foreign policy leverage.

The euro stabilised against the US dollar on Tuesday, despite more tariff threats from US President-elect Donald Trump, targeting imports from Canada and Mexico. View on euronews

By Joao Manuel Vicente Mauricio, Ankika Biswas and Pranav Kashyap (Reuters) -European stocks fell across the board, led by automakers, as Donald Trump's tariff threat on the United States' largest trading partners prompted worries about another global trade war.